Audi’s Return Shows Bet That Leases Spur Sales: Corporate Brazil
September 27, 2013 by Avila Capital Markets, Inc.
Carmakers in Brazil are anticipating leases will spur demand for new models as a tax incentive expires and companies such as Audi AG (NSU) start local production in Latin America’s biggest economy.
Anfavea, Brazil’s auto-manufacturing trade group, is in talks with the government to adjust rules so banks write more leases, President Luiz Moan Yabiku said. New regulations must make drivers responsible for any fines or taxes for leased vehicles, not banks as the autos’ legal owners, he said.
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